Exxon Blasts Movement to Divest From Fossil Fuels

The oil giant seeks to counter the campaign that urges investors to dump stock in petroleum and coal companies.

BURBANK, CA - FEBRUARY 01: An Exxon gas station advertises its gas prices on February 1, 2008 in Burbank, California. Exxon Mobil Corp. has posted an annual profit of $40.6 billion, the largest ever by a US company, and set a new US record for the highest quarterly profit, $11.7 billion for the last three months of 2007. The previous annual profit record, $39.5 billion, was set by Exxon in 2006. The company's revenue also rose 30 percent in the fourth quarter, from $90 billion a year ago to $116.6 billion. Yearly sales were up from $377.64 billion in 2006 to a new company record of $404.5 billion. Exxon was particularly benefited by historic crude prices at the end of the year. Exxon Mobil is the world?s largest publicly traded oil company. (Photo by David McNew/Getty Images)
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